Oriental Bank Of Commerce PLR Rate

Hii sir, I Wants to get the PLR Interest Rates on Advances of the Oriental bank of Commerce will you please provide it ?

[pawan]

Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of British India, and currently in Pakistan), is one of the public sector banks in India.

PLR Rates

As per policy, Interest on Advances are charged on reducing balances.
Interest rates are chargeable on floating or Fixed rates depending upon scheme and terms & conditions of sanction.

Maximum spread of the Bank for penal rate of interest is 3% p.a. and Penal rate of interest for any irregularity in the loan accounts is maximum 2%.Maximum penal commission for Non Fund Based is 0.25% p.a.

Interest Rates on Advances (w.e.f. 14.05.2012)
Prime Lending Rate : 14.75%
Prime Term Lending Rate (PTLR) : 14.75%
Maximum interest spread over PLR/PTLR 3.00%
(exclusive of Tax) other than export
Credit and Consumer Credit :
In respect of Borrowers enjoying limits up to 14.75%
and inclusive Rs.2.00 lac:
BASE RATE OF THE BANK W.E.F. 03.04.2017 9.50 %

Marginal Cost of Funds based Lending Rate (MCLR) w.e.f August 11, 2017
Tenor MCLR (%)
Overnight 8.10%
One Month 8.20%
Three Months 8.25%
Six Months 8.35%
One Year 8.45%